DORCO VINA CO., LTD

Established in 2008 and operating for over 17 years, DORCO VINA CO., LTD has grown into one of Vietnam’s most prominent manufacturers in the field of cutlery, hand tools, and general hardware. As a wholly foreign-owned enterprise, the company reflects South Korea’s strategic investment in Vietnam’s industrial base, with its entire equity held by DORCO CO., LTD, a renowned South Korean corporation. With its headquarters located on Road B3, Section B, in Pho Noi A Industrial Park, Minh Hai Commune, Van Lam District, Hung Yen Province, and a registered Tax Identification Number (TIN) of 0900283167, DORCO VINA CO., LTD continues to play a key role in supplying high-quality razors, blades, and precision metal products to global markets.

DORCO VINA CO., LTD is legally structured as a one-member limited liability company and operates under the registration granted by the Hung Yen Province Department of Planning and Investment. The company's charter capital stands at USD 37.68 million, while its paid-up capital as of the end of 2023 reached USD 38.31 million. The business also maintains a branch in Hoa Mac Industrial Park, Ha Nam Province, and an additional factory at Road A5, Zone A, within the same Pho Noi A Industrial Park. With a workforce of approximately 4,000 employees, the company has built a solid operational base that supports both its manufacturing and diversified business activities, which include leasing office spaces, trading property rights, and producing corrugated packaging and fabricated metal products.

In terms of leadership, the company is headed by Chairman Baek H. G. (Baek Hakgi) and General Director Lee J. W.(Lee Jongwol), both of whom are South Korean nationals. Their management has steered the company through both growth and market volatility. Despite facing economic headwinds in 2023, including a 2.56% decline in total sales and a 22.3% drop in net profit compared to the previous year, DORCO VINA CO., LTD managed to increase its equity by over 4%, reflecting sound fiscal discipline. The company posted total assets of USD 134.09 million, total sales of USD 144.28 million, and a net profit of USD 1.92 million in 2023. Although working capital stood at a negative USD 18.46 million, suggesting some liquidity stress, the company’s overall financial foundation remains strong, supported by a net worth of USD 49.67 million.

DORCO VINA CO., LTD exemplifies the dynamic potential of FDI-backed manufacturing enterprises in Vietnam. While recent financial figures reveal challenges in profit margins and cash flow, they also highlight the company's resilience and long-term commitment to the Vietnamese market. With its well-capitalized structure, experienced international leadership, and wide-ranging business operations, the company is well-positioned to innovate, adapt, and thrive. Investors and partners looking for a reliable industrial partner in Southeast Asia would find in DORCO VINA CO., LTD a compelling blend of global expertise and local strength.